CECO Environmental (CECO) CEO logs tax-withheld stock share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental Chief Executive Officer Todd R. Gleason reported a tax-related share disposition. On March 7, 2026, 3,557 shares of common stock were withheld at $52.53 per share to cover the tax liability from vesting restricted stock units.
After this tax-withholding disposition, Gleason directly holds 407,278 shares of CECO common stock, with additional indirect holdings of common stock reported for his children, plus multiple stock option and restricted stock unit positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Gleason Todd R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,557 | $52.53 | $187K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 407,278 shares (Direct);
Stock Option (right to buy) — 316,902 shares (Direct);
Restricted Stock Units — 225,000 shares (Direct);
Common Stock — 444 shares (Indirect, By first son)
Footnotes (1)
- Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units. The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027. The stock option vests in three equal annual installments beginning on March 15, 2025, and expires on March 15, 2034. The stock option vests in three equal annual installments beginning on March 17, 2026, and expires on March 17, 2035. Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock. Conversion of restricted stock units to the Company's common stock will occur on July 5, 2027 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period. Conversion of restricted stock units to the Company's common stock will occur on June 4, 2029 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.
FAQ
What insider transaction did CECO (CECO) disclose for CEO Todd Gleason?
CECO reported that CEO Todd R. Gleason had 3,557 shares of common stock withheld to cover tax liabilities from vesting restricted stock units. The shares were valued at $52.53 each, reflecting a routine tax-withholding disposition rather than an open-market sale.
What is CECO CEO Todd Gleason’s direct ownership after the reported transaction?
After the tax-withholding disposition, CEO Todd R. Gleason directly owns 407,278 shares of CECO common stock. The Form 4 also notes separate indirect holdings of common stock for his children, along with several stock option and restricted stock unit positions.
Were the CECO insider transactions open-market buys or sells?
The highlighted transaction is a tax-withholding disposition, coded “F,” where 3,557 shares were withheld to cover tax liabilities on restricted stock unit vesting. The data do not show open-market purchases or sales by the CEO in this specific Form 4 submission.
What equity awards for CECO’s CEO are referenced in the Form 4 footnotes?
Footnotes describe stock options vesting in installments between June 2021 and March 2026, expiring between 2027 and 2035, and performance-based restricted stock units. Some RSUs convert to common stock in 2027 and 2029 if employment and specified stock price targets are met.